NSIA Assets Rise to N1trn, Attract $500m FDI
The Nigeria Sovereign Investment Authority (NSIA) says it grew its net assets by 10.5 per cent to N1.02tn in 2022 from N919.73bn in 2021.
The Sovereign Wealth Fund manager disclosed that earnings from...
Substandard Tyres Worth 10 million Destroyed in Six Months - SON
The Standard Organisation of Nigeria (SON) has revealed that it destroyed 10 million substandard tyres in six months.
In a statement, the Director General of SON, Mallam Farouk Salim, said...
Aviation Workers to Strike Over Minimum Wage, Others
Aviation workers’ unions have threatened to withdraw their services over the the Federal Government's refusal to release the reviewed condition of service negotiated over seven years ago.
Other grievances include the non-implementation of...
FG Says Fuel Subsidy, Oil Theft Gulped N29trn
The Federal Government, disclosed that the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from...
CBN to Banks: Transfer Funds in Dormant Account to Trust Fund
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account.
This is...
Petrol Subsidy Is Emotive, Financing For Development Is Rational, by Salisu Na'inna Dambatta
That the sum of USD 800 million (about N386 billion) borrowed by the Federal Government through the World Bank would be used to cushion the initial potential...
